AL 21 01 SEP 28 Market Value
| 00914AAQ5 | 87.16 2.96 3.28% |
| Symbol | 00914AAQ5 |
Please note, there is a significant difference between 00914AAQ5's value and its price as these two are different measures arrived at by different means. Investors typically determine if 00914AAQ5 is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 00914AAQ5's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
00914AAQ5 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to 00914AAQ5's bond what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of 00914AAQ5.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in 00914AAQ5 on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding AL 21 01 SEP 28 or generate 0.0% return on investment in 00914AAQ5 over 30 days. 00914AAQ5 is related to or competes with 00108WAF7, 90331HPL1, 3M, Alcoa Corp, ATT, Johnson Johnson, and Intel. More
00914AAQ5 Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure 00914AAQ5's bond current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess AL 21 01 SEP 28 upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.36) | |||
| Maximum Drawdown | 4.24 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 0.4993 |
00914AAQ5 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 00914AAQ5's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 00914AAQ5's standard deviation. In reality, there are many statistical measures that can use 00914AAQ5 historical prices to predict the future 00914AAQ5's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.96) |
00914AAQ5 Backtested Returns
00914AAQ5 retains Efficiency (Sharpe Ratio) of -0.12, which signifies that the bond had a -0.12% return per unit of price deviation over the last 3 months. 00914AAQ5 exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm 00914AAQ5's Variance of 0.2678, market risk adjusted performance of (0.95), and Information Ratio of (0.36) to double-check the risk estimate we provide. The bond owns a Beta (Systematic Risk) of 0.0726, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 00914AAQ5's returns are expected to increase less than the market. However, during the bear market, the loss of holding 00914AAQ5 is expected to be smaller as well.
Auto-correlation | 0.01 |
Virtually no predictability
AL 21 01 SEP 28 has virtually no predictability. Overlapping area represents the amount of predictability between 00914AAQ5 time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of 00914AAQ5 price movement. The serial correlation of 0.01 indicates that just 1.0% of current 00914AAQ5 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 1.3 |
00914AAQ5 lagged returns against current returns
Autocorrelation, which is 00914AAQ5 bond's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting 00914AAQ5's bond expected returns. We can calculate the autocorrelation of 00914AAQ5 returns to help us make a trade decision. For example, suppose you find that 00914AAQ5 has exhibited high autocorrelation historically, and you observe that the bond is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
00914AAQ5 regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If 00914AAQ5 bond is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 00914AAQ5 bond is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 00914AAQ5 bond over time.
Current vs Lagged Prices |
| Timeline |
00914AAQ5 Lagged Returns
When evaluating 00914AAQ5's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 00914AAQ5 bond have on its future price. 00914AAQ5 autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, 00914AAQ5 autocorrelation shows the relationship between 00914AAQ5 bond current value and its past values and can show if there is a momentum factor associated with investing in AL 21 01 SEP 28.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in 00914AAQ5 Bond
00914AAQ5 financial ratios help investors to determine whether 00914AAQ5 Bond is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in 00914AAQ5 with respect to the benefits of owning 00914AAQ5 security.